Learn the basics
What is eInvoicing?
eInvoicing enables organisations to send and receive invoices electronically, directly to their software. It removes the need for unnecessary data entry and inaccurate OCR scanning.
eInvoicing in Australia is provided through a network of interoperable Access Points, like MessageXchange, conforming to the PEPPOL standard that has been adopted around the world.
eInvoicing happens through a four-corner model, where corners one and four are the supplier and customer, and corners two and three are Access Points. Access Points connect to each other to exchange eInvoices. You can think of it like a telephone network – your phone and your friend’s phone are corners one and four, and your network provider (like Telstra, Optus or Vodafone) are corners two and three.
Check out our An introduction to eInvoicing whitepaper to learn more.
Why should you use eInvoicing?
- Cost savings
Studies have found that it costs $30.87 to process a paper invoice, $27.67 a PDF invoice, and only $9.18 to process an eInvoice.
- Less time and errors
The eInvoicing process removes a lot of manual data entry. It’s a fully-automated process, so you can cut out the time and errors from manually entering invoices. Using our business process management engine, you can automate what used to be a manual process of matching invoices to orders, checking prices and more.
- Faster invoice payments
The average eInvoice is processed in 5 days (compared with 23 days for a regular invoice). With a fully automated process, get paid much faster and increase your cash flow.
Automate the process of sending and receiving invoices. With our business process management engine, you can even automate other processes like two- or three-way matching, approvals, checks and more.
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